Clip
Mexican fintech selling card-reader and mobile point-of-sale terminals, payment processing, a digital wallet and financial services to small and medium businesses.
Clip, founded in 2012 by Adolfo Babatz and Vilash Poovala, sells mPOS and POS terminals (Clip Mini, Pro, Total 3), Tap to Pay, e-commerce and inventory software, and merchant financial services to SMBs across Mexico. It earns revenue mainly from commissions on payments processed. It became Mexico's first payments unicorn in 2021 after a $250M round led by SoftBank and Viking Global, and raised $100M from Morgan Stanley Tactical Value in 2024. In June 2026 it announced a $500M raise at a valuation above $2.5B, alongside the launch of its Mi Clip digital wallet. Headcount is roughly 1,200 (Tracxn, March 2026).
